thank Operating Aaron, Chief our Goldfarb, Vice Good morning and and Sammy today our Financial our Chairman Miller, Officer; President. you me With and Executive Chief Wayne Jeff President; Neal Vice are Nackman, Officer; our us. joining for
good We begun year are first the pleased quarter. with to a have
The Hilfiger five by by Calvin Karan, and of Our development represented brands consumers. brands through of our that Tommy and product be our first successful power business to our execution was strength Karl quarter leveraging DKNY, performance anchored Klein, with resonates design formula continues winning our power global of Lagerfeld. Donna great
categories partners and of the in the dresses, suit retail separates choice our we including America, In sportswear, have supplier achieved as outerwear, North many major apparel performance. to status
in best some great have quickly and footwear marketplace. recognition achieved We of the creating the for handbags
significant are growth. for future expanding international a see runway our presence also we where We
III Karan remains remaining and the Now that G own having continued for growth power of solid well foreseeable performance our a stores future. Donna have full completed with of in brands, into product the DKNY year our we positioned and
wanted Before I the review the of topic results I of tariffs. first to address quarter, our
level all commencing As our increased business handbag you is fiscal May of as dates X% represented XXXX. export XX. business for for us tariffs impacted approximately know This annual net the XX% the was of just with first to primarily XX% which sales of
in We estimate XX% approximately cost that by increase the of million. the will incremental fiscal for increase XXXX remainder tariffs $X our
have by We in concessions and China, sourcing also this move we of into from price been our out Chinese our issued production included have obtaining succeeded to arranging reaffirmed our networks increase diversify guidance today; to seeking some vendors.
we addition, of price here customers have In obtained in from some the U.S. increases our
likely have the there’ll tariffs the retailers increased increase cost. and our and proposal the in although from term depth willing imported share disruption, all with remaining short had As parties are to China, our categories for on vendors we to conversation be in
not have these disruption near quantified the results come We increases impact potential into the operations should on term effect. of our of
more one stores better the highest who for appreciates and by better willing be quality, fact supported best brands global that our we power estate positioning designed in aspirational always brands, the We have is our is products pay at real shopping that These customer will and is our well the price the our stores competition. than to department believe increases products. price in who
vendors with in we a quality we where XX and recognize reduce our production level can the consistent past to developed to the we our China still have years. craftsmanship high maintain the ahead, over need that Looking further
continued operations. and our outperformance more the our in led Now retail on business than by financial of bottom wholesale were were a our in offset line quarter, with few own expectations in first which challenges results highlights our our line
First quarter $XXX net sales were to million. up X%
million. $XXX to X% increased sales net wholesale quarter first Our
quarter. non first diluted per the compared share year's net share $X.XX of to income first net Our in income per last $X.XX diluted non was quarter GAAP as GAAP
on Now Wilsons sales were by let's Bass. results details provide with some and operations comparable for In and disappointed for Wilsons decreased our you our XX% XX% results. our store retail for Bass, we own
As we our annualized of our fourth call, and to losses. so we better our retail mentioned which salaries on $X far approximately deliver million quarter on eliminated have us of earnings goal expenses positions reducing
our season. path The continuing merchant for upcoming opportunity to additional Lagerfeld implementing the compelling Paris Wilsons every including stores convergence and products into created store Bass and review closures, of continued efficiencies. operating We're Karl accelerating and to fall teams have profitability stores DKNY to accelerate
our to turn let's wholesale business. Now
business, represented largest performed in billion Calvin quarter fiscal well in sales year. net this first our of Klein the and $X Our in of of excess XXXX
Klein resource the a Calvin market. across business is women's Our dominant apparel
impact was of were from by the sales Bon Ton, top quarter growth to which led Excluding pleased sportswear another line to we solid and suit deliver separates. dresses,
this PVH CK extend Monday, with thrilled past partnership Additionally, to our license. seen have announcement the new with as we're our you may women's jeans in
We read resurgence well and about denim expertise momentum a lifestyle substantial build to our apparel we collection. believe leverage positioned into we in are of the jeans have market all women's the and to tap
based in potential Our initial with million significant business the to next seen. this over to early sales several launches, years. excited are annual the the get on has $XXX they've quite our retail past I partners know product products about but it's experience
We our expect and launch fiscal a do this a XXXX year. full results material on in not for impact expect spring
was broad quarter business sportswear, Tommy over during based in first remained sales strength led dresses greater design, the year than strong in Hilfiger Our by sourcing business PVH. growth. But with compelling brand in continued year strength strong the a expertise XX% and our and quite business separates. with the marketing managed of and showcases merchandising, partners and our print combined at selling, execution suit was by The
approximately Hilfiger dealers the We our pleased various reach into XXX this distribution Hilfiger launched expand I'm Tommy categories also that to continue of we product. to on doors. highlight spring Tommy
the JD with additional into business have stores Urban expanded next Hilfiger launches to We years. Outfitters, over and come. opportunities Pacsun to still several the about excited Sport remain Tommy very also grow including We Sport numerous specialty this meaningful
did business Karl Our this the and to the introduced quarter success be to we continue North we excited by market. American brand well the that of Lagerfeld in
in Paris, Looking collaborating former Karl influencing the ahead, global interested Director entrepreneur Editor a stylish fashion and of of upcoming seasons. creativity Carine three himself who been Roitfeld, Vogue has brands for and creative history Chief the the to lead has had long stylings Lagerfeld's
Paris. architecture. company our to the Grand Karl's the house legacy On tribute own event will pay fashion June Karl for Karl Sandy significant photography, celebration expanded in his Chanel XXth, at creativity publishing, and which include memorial and addition fashion illustration in a of will Lagerfeld host to unprecedented and to Lagerfeld beyond This Palai design,
on own Karan products yearend III the DKNY XXXX As of Donna for our was I and full earnings fiscal and year developed first our our brand call, brands. mentioned of G distribution repositioning
We have biggest annual to we quickly in net learned meaningful much $XXX sales going grown million growth this can into about one fiscal business build a has in drivers. continue this XXXX, business how of our represents forward. At and
strength by have year, sportswear, of digit handbags shoes. For registered with growth the double first all led across stellar we categories this and quarter
campaign. we front, DKNY marketing the the XXX% of On to continue momentum the DKNY leverage
week, exceeding playing in are impact DKNY premium media of the only collection, and benchmarks celebrating channels. digital success Last launched concept York City not XXX% branding pride and we across placements world outdoor but efforts and of performing capsule DKNY the media awareness. Our pride the high also arrival off ongoing New well raising
renewed DKNY We recently important our and Donna DKNY an partnership part of watch business. our Karan is Licensing licensee Fossil. with
eyewear DKNY over and We eyewear years. opportunity the newly product next growth and licensee DKNY the have in Karan domestic significant new April. several showcased Marchon designed globally Donna line offer the their line and international launched who for
a these We a deal time of have period to lot in accomplished have brands. plan a two and with short great more the accomplish
us our our ever for websites a sales, Overall, will our capturing At spring on of we and customers. market G share or the of upcoming continue expect retail we be growing that again of for good to outerwear it on have and focus brands, retail our season. own whether we performed holiday websites fall III, online well
Our in online allocate brands we demand the more investments are space. to and continue in and personnel
brand in mid do digits swimwear worldwide the single and to status our resort well. increases had Vilebrequin Lastly, comparable sales continues and
the Germany. opened we stores, in Yards new the Sylt, quarter This is New one Hudson York two in City second and
selectively on focus to and mortar footprint. the continue brand digital and expanding We brick
now the I'll pass guidance for XXXX. our detailed and discussion of it a to our first Neal fiscal second for quarter and quarter for